For the first time in the storied history of the Kentucky Derby, Churchill Downs racetrack will host a public drawing for Kentucky Derby fans to purchase two seats to the upcoming 133rd "Run for the Roses," scheduled for May 5, 2007.

Through the public drawing, Churchill Downs will offer a total of 1,000 reserved seats, which will be sold in pairs of two (2) for a total of 500 pairs, beginning at 8 a.m. EDT on Saturday, April 14. The public drawing will continue until noon – or until all 500 pairs of reserved seats have been sold. Free parking will be available in the Preferred Lot off Central Avenue near Gate 17. Customers can enter the track through Gate 17 beginning at 5 a.m., and begin lining up inside the Churchill Downs clubhouse for their chance to purchase reserved seats to this year's Kentucky Derby. Customers will begin drawing for their seating selections promptly at 8 a.m.

"The Kentucky Derby is a major international event that draws race fans from around the world to Louisville to experience the 'Greatest Two Minutes in Sports'," said Churchill Downs President Steve Sexton. "While thousands of our annual Kentucky Derby guests come from Louisville and the surrounding region, we know there are many Kentucky Derby fans from our hometown and neighboring communities that have yet to personally experience America's original springtime sports spectacle. This year, we decided to set aside a large block of reserved seats for the general public to purchase through a pre-Derby drawing, to give an even broader audience the chance to enjoy the nation's premier horse race first hand. Customers who purchase these seats will enjoy great views of the Churchill Downs stretch, finish line and all of our Derby Day traditions and festivities."

The format for the drawing will allow fans to reach into a ticket hopper and randomly select a single voucher. The voucher will identify the location of two reserved seats to the 2007 Kentucky Derby, as well as the cost to purchase both seats. Tickets must be purchased immediately by payment of either cash or a Visa credit or debit card. Churchill Downs will not accept personal checks, money orders or any non-Visa credit or debit cards as payment for reserved seats offered through the public drawing on April 14.

Through the drawing, Churchill Downs is offering pairs of first-floor box seats in Sections 111, 112, 113, 114 and 118, as well as pairs of grandstand bleacher seats in Sections 120, 122, 222, 223, 224 and 225. Each customer to participate in the drawing may purchase two (2) reserved seats. Seats will only be made available in pairs and cannot be purchased individually. Since the seating selections will be drawn randomly, a person's place in line will have no bearing on the location of the seats he or she is then able to purchase. The reserved seats offered for sale through the drawing are for the 133rd Kentucky Derby only. No Kentucky Oaks seats will be made available through the public drawing.

Ticket prices range from $206 to $360 per pair of seats, depending on the location. Since customers will randomly draw their seating selections, they should bring at least $360 in cash or their Visa credit/debit cards with them to cover the maximum cost possible for the seats they may draw.

In the unlikely event that a customer selects a voucher and decides not to purchase the tickets, he or she can return to the end of the line and wait for a second turn in the drawing. Since the 1,000 tickets are being sold in pairs, it is believed that the first 500 customers in line will purchase the entire allotment.

Customers must be at least 18 years old to purchase seats through the public drawing. Customers must come to Churchill Downs in person the morning of April 14 to participate. Customers cannot participate in the drawing by submitting cards, letters, e-mail or phone calls to Churchill Downs. The public drawing is not open to Churchill Downs employees.

(Public drawing to take place Saturday, April 14, 2007, from 8 a.m. to noon EDT – Enter through Gate 17)

*Grandstand Bleachers (2 seats per draw)

Section 120 = $110 per seat/$220 per pair

Section 122 = $103 per seat/$206 per pair

Section 222 = $115/per seat/ $230 per pair

Section 223 = $110 per seat/$220 per pair

Section 224 - $105 per seat/$210 per pair

Section 225 = $105 per seat/$210 per pair

*Clubhouse Box Seats (2 seats per draw)

Section 111 = $127 per seat/$254 per pair

Section 112 = $133 per seat/$266 per pair

Section 113 = $139 per seat/$278 per pair

Section 114 = $147 per seat/$294 per pair

Section 118 = $180 per seat/$360 per pair

*Customers must pay for the seats they select through the April 14 public drawing with either CASH or Visa credit or debit cards. No other forms of payment will be accepted.

Churchill Downs, the world's most legendary racetrack, has conducted Thoroughbred racing and presented America's greatest race, the Kentucky Derby, continuously since 1875. Located in Louisville, the flagship racetrack of Churchill Downs Incorporated (NASDAQ Global Select: CHDN) also operates Trackside at Churchill Downs, which offers year-round simulcast wagering at the historic track. Churchill Downs will conduct the 133rd running of the Kentucky Derby on May 5, 2007. The track's 2007 Spring Meet is scheduled for April 28 through July 8. Churchill Downs has served as host to the Breeders' Cup World Thoroughbred Championships a record six times. Information about Churchill Downs can be found on the Internet at www.churchilldowns.com.